Nicholas launches the BLOX Fund: Achieving diversified investment in the encryption ecosystem through options hedging strategies.

[Bitu] Asset management company and ETF product provider Nicholas Wealth announced a collaboration with Tidal Investments LLC to launch the cryptocurrency exchange-traded fund Nicholas Crypto Income ETF (BLOX). This aims to allow investors to diversify their investments within the cryptocurrency ecosystem while generating potential income through proprietary options overlay strategies. This includes investments in publicly listed companies involved in various sectors of the crypto economy, such as mining companies, certain exchanges, blockchain technology providers, financial service firms, and companies holding cryptocurrency assets on their balance sheets.